Overview
What is Virginia Credit Union Inc?
Virginia Credit Union Inc is a state-chartered credit union based in Richmond, Virginia. With a commitment to financial education and community partnerships, the credit union reached over 90,000 individuals in 2022, more than doubling the number from the previous year. They strive to enhance financial well-being and resilience for their members and the community. Notable initiatives from 2022 include a YouTube channel for children, a partnership with Virginia Commonwealth University, online webinars for women, and various appearances on NBC12 by their Vice President for Financial Education. These programs aim to improve financial literacy and knowledge, from young children to adults.
Official website here: www.vacu.org
Is Virginia Credit Union Inc legitimate?
Virginia Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Virginia Credit Union Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $4,704,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,700,052
For more financial information, click here
Official website here: www.vacu.org
What is the mission statement of Virginia Credit Union Inc?
Virginia Credit Union Inc is dedicated to serving as a trusted financial partner for its members, helping them achieve greater success. Last year, the credit union reached over 90,000 individuals with financial education services, marking a significant increase from the previous year. Recognizing the importance of financial literacy, especially in children, the credit union launched a YouTube channel catering to young viewers, and partnered with Virginia Commonwealth University to offer financial success classes for students. In addition, the credit union organized a webinar series for women, providing them with practical financial advice. The Vice President for Financial Education offered guidance on NBC12, offering advice on managing credit, saving for the future, borrowing wisely, and teaching young people to manage money. By offering these educational resources and community partnerships, Virginia Credit Union demonstrates its commitment to improving financial wellness and resilience for its members.
Official website here: www.vacu.org
Who is the CEO of Virginia Credit Union Inc?
Christopher M Shockley is the Principal Officer of Virginia Credit Union Inc. The CEO's salary of Virginia Credit Union Inc is $1,926,018 and their total compensation is $2,216,946.
Official website here: www.vacu.org
What is the revenue of Virginia Credit Union Inc?
Who are the executives of Virginia Credit Union Inc and what are their salaries?
The average compensation at Virginia Credit Union Inc during 2022 was $95,838. There are 912 employees and 17 volunteers at Virginia Credit Union Inc.
Here are 19 key members and their salaries (Virginia Credit Union Inc's CEO's salary is $1,926,018 and their total compensation is $2,216,946):
- Christopher Shockley (President/Ceo)
- Christopher N Saneda (Sevp/Coo)
- Stephanie Vick (Evp/Cfo)
- Laura Stevens (Mortgage Loan Officer)
- John Stone (Evp Fin Ser/Cuso Pres)
- Lee Dranoff (Evp Lending)
- Maryann Fatheddin (Evp Human Resources)
- Michael Noble (Evp Chief Bus Banking Offi)
- Rob Jones (Director)
- Kenneth E Ampy (Director/Board Chair)
- Robert Bolling (Director/Secretary Treasur)
- Eric B Tolbert (Director)
- Brian K Jackson (Director)
- Melina Davis (Director/Board Vice Chair)
- Patricia Green (Director)
- Paul Thompson (Director)
- Kimberly Baine (Director)
- John T Grier (Director)
- Tracy Mccabe (Director)
Official website here: www.vacu.org
Where can I find the form 990 for Virginia Credit Union Inc?
The Virginia Credit Union Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vacu.org
Learn more at the official website: www.vacu.org
Mission Statement of Virginia Credit Union Inc
Virginia Credit Union Inc, a state-chartered credit union, is dedicated to being a trusted financial services provider for its members. With a mission to help members achieve greater success, the credit union goes above and beyond by offering an extensive range of financial education services. In the past year, this commitment was exemplified through educational outreach that reached over 90,000 individuals, marking a significant 50% increase from the previous year.
Virginia Credit Union Inc places great emphasis on improving financial wellness and resilience for both its members and the community. One of the ways it achieves this is through innovative educational initiatives. For instance, in 2022, the credit union launched a YouTube channel catered to young viewers, reaching impressive viewership numbers within a few months. Designed for children aged 4-10, these educational videos and accompanying lessons can be accessed on the credit union's website.
Moreover, the credit union's partnership with Virginia Commonwealth University (VCU) is yielding excellent results. The Virginia Credit Union Financial Success Center at VCU, which offers online classes and financial coaching, helped over 10,000 students, faculty, or staff in 2022. By providing essential financial skills, the center equips students with the knowledge they need to thrive beyond graduation.
In addition, Virginia Credit Union Inc hosted a series of online webinars for women in October 2022. The keynote speaker, Liza Mickens, shared practical advice designed to help attendees enhance their financial literacy. The month-long program enabled participants to assess their financial knowledge before and after the series, allowing them to identify areas for growth.
Virginia Credit Union Inc's vice president for financial education, Cherry Dale, was featured in over 35 segments on NBC12 throughout the year. In each segment, she offered valuable insights on managing credit, saving for the future, borrowing wisely, and teaching young people essential money management skills.
By offering these various financial education services and partnerships, Virginia Credit Union Inc continues to prove its commitment to helping its members and the community build a solid financial foundation.
Impact
This information is meant to be a general summary of Virginia Credit Union Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Virginia Credit Union Inc's impact is significant in improving financial wellness and resilience for its members and the community. Through a wide range of financial education services and community partnerships, the credit union reached over 90,000 individuals of all ages in 2022, a 50 percent increase from the previous year.
Highlights of their efforts include creating a YouTube channel targeted at young viewers to promote early financial literacy, partnering with Virginia Commonwealth University to provide financial education to thousands of students, faculty, and staff, and organizing a webinar series specifically for women featuring practical advice from industry experts.
Overall, Virginia Credit Union Inc's commitment to boosting financial knowledge and health is commendable, and its efforts are helping individuals achieve greater success in managing their finances.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$149,016,233
OTHER OPERATING INCOME
Revenue
$60,329,905
FEE INCOME
Revenue
$29,357,835
Organization Details
Founding Year
1928
Phone
(804) 323-6000
Principal Officer
Christopher M Shockley
Main Address
PO BOX 90010, RICHMOND, VA, 23225
Website
www.vacu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Virginia Credit Union Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.